SAN JOSE, Calif., May 24, 2016 /PRNewswire/ -- Intacct, a leading provider of best-in-class cloud ERP software, announced today that Marc Linden, Intacct's chief financial officer, has been honored as Executive of the Year in the Cloud Computing/SaaS category of the 2016 CEO World Awards.
In the last year, Intacct has experienced unprecedented growth—most notably by increasing overall headcount by 40 percent. Marc has been instrumental in leading that growth and putting in place the next level, multi-year view planning that is required now that the organization is getting significantly larger.
In Marc's role, he also initiated and led the process of moving Intacct's headquarters in San Jose to 300 Park Ave, which doubled the size of Intacct's headquarters, and a partnership with American Express that also led to them investing in Intacct. The organization relies on Marc's judgment regarding its present financial condition, as he helps decide how to invest Intacct's financial resources.
Most recently, Marc played a key role in securing $40 million in new financing from Silicon Valley Bank. The new financing expands on the backing of Intacct's existing investors, including Battery Ventures, Bessemer Venture Partners, Costanoa Venture Capital, Emergence Capital, Morgan Creek Capital Management, Sigma Partners, and Split Rock Partners.
"It is an honor to receive this award and I'm very grateful for the recognition," said Marc Linden, CFO of Intacct. "I am incredibly fortunate to work with a fantastic, hard-working team at Intacct and much of this success is due to their drive and commitment to providing the very best services for our customers."
"Marc is an integral part of Intacct's financial future. He expertly identifies the areas of opportunity in the market for Intacct to increase growth and customer satisfaction," said Robert Reid, CEO of Intacct. "I am extremely grateful for Marc's excellent leadership skills and enabling our customers to achieve phenomenal success year after year."
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Winners of the 2016 CEO World Awards will be honored in San Francisco on Monday, June 27, 2016 during the annual SVUS Red Carpet Awards Ceremony Dinner.
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Intacct is a leading provider of best-in-class cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's award-winning applications are the preferred financial applications for AICPA business solutions. In use by more than 11,000 organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, revenue recognition, subscription billing, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.
Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.
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SOURCE Intacct Corporation